Firms Voice Frustration over FSA Continuity Plans

Firms say "toothless" disaster recovery guidelines will result in inconsistent plans.

Following the World Trade Center attacks, UK regulators and government bodies are reevaluating their contingency plans for the financial services industry. But some say the Financial Services Authority, the UK’s financial regulator, is not going far enough.

Critics argue that the FSA should give the industry more explicit guidance, and that the rules it is developing should be made law. Several banks have gone so far as to argue that the FSA should add business continuity to its 27

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